Market Overview:
The booming automotive industry was the reason for the growth of the global market for vehicle filters. It is expected that a significant investment in the automotive sector in emerging economies will also bring a contraction to adjacent industries. In addition, it is expected that the government's growing interest in boosting economies through foreign investment will boost the growth of the automotive sector, which will have a positive impact on the global market for automotive filters in the coming years. The auto filter (OE) market is expected to grow at a compound annual rate of 4.8% from $2.81 billion in 2019 to $3.74 billion by 2024.
Recent developments:
February 2018: Mercedes-Benz USA Offers the First Certified asthma & allergy friendly automotive cabin air filter.
Automotive Filters Market Value and Expected Growth:
It is estimated that the original equipment market for vehicle filters will grow at an average annual rate of 4.3% from USD 2.93 billion in 2019 to USD 3.74 million in 2024, and it is estimated that the aftermarket for Vehicle filters will grow This represents an annual interest rate of 1.14%, reaching $23.31 million from $21.53 billion in 2019. It is forecasted that factors such as the increase in vehicle production and the increase in vehicle fleet as well as the average number of kilometers traveled in all regions, the demand for automobile filters is increasing every year.
Drivers and Market Restrictions for Automotive Filters Market:
The filters of the cars prevent the entry of dirt particles such as pollen, exhaust gases, bacteria, etc. in the carburetor and the engine. This minimizes air pollutants emitted by vehicles, reduces maintenance costs, and prolongs the life of the vehicle. The government and the emission agencies have issued strict emission laws for vehicles that emit dangerous gases, such as hydrocarbons (HC), nitrogen oxides (NOx), carbon monoxide (CO) and others. For example, the United States Environmental Protection Agency (EPA) has modified standards, such as the Greenhouse Gas Emissions (GHG) fuel consumption standards and light commercial vehicles (automobiles and trucks)). Similarly, German cities may prohibit old diesel vehicles in accordance with EU legislation to reduce air pollution. These factors are expected to drive global growth in the global automotive filter market.
In recent years, consumers have changed their preference for electric/plug-in vehicles because these vehicles do not consume fuels such as gasoline, diesel, and gasoline. In addition, low maintenance costs reduce overall spending, which increases the demand for battery-powered electric vehicles, which in turn drives the growth of the vehicle filter market. According to statistics of the Federal Office for Motor Transport, sales of plug-in electric vehicles in 2018 increased by 61% over the previous year. Likewise, sales of battery-powered electric vehicles increased by 124%, while sales of traditional plugless hybrids increased by up to 70%. Since no fuel or oil is used in these electric vehicles, there is no need for oil and fuel filters, which should hamper the growth of the oil and fuel filter market.
Market Taxonomy:
By Filter Type:
By Application:
By Distribution Channel:
By geography, the global automotive filters market has been segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. In 2016, the largest share of the global automotive filters market was acquired by the Asia Pacific on account of burgeoning production in the Asian countries. Europe followed by the Asia Pacific jointly held about 74% of the market in terms of revenue in 2016. The key factors that are driving the growth of the market in these regions are an increasing need for efficiency and productivity, coupled with the impetus to increase manufacturing activities. The emerging countries of Asia Pacific are expected to record the highest growth rate during the forecast period. Increasing production of passenger vehicles, owing to several factors such as lower cost of production, increase in productivity and safety in operation of vehicles are set to drive the market of automotive filters in this region from 2019 to 2024.
Main players in the market:
Highlights of the research report:
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferences
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Automotive Filters Market, By Filter Type
6.1.1 Fuel Filter
6.1.1.1 Diesel Filter
6.1.1.2 Gasoline Filter
6.1.2 Engine Oil Filter
6.1.3 Engine Air Filter
6.1.4 Cabin Air Filter
6.1.5 Steering Filter
6.1.6 Coolant Filter
6.1.7 Market Size Estimations & Forecasts (2019-2024)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 Automotive Filters Market, By Application
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.2.2.1 Light Commercial Vehicles
6.2.2.2 Heavy Commercial Vehicles
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Automotive Filters Market, By Distribution Channel
6.3.1 OEM
6.3.2 Aftermarket
6.3.3 Market Size Estimations & Forecasts (2019-2024)
6.3.4 Y-o-Y Growth Rate Analysis
6.3.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Filter Type
7.2.3 By Application
7.2.4 By Distribution Channel
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Filter Type
7.3.3 By Application
7.3.4 By Distribution Channel
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Filter Type
7.4.3 By Application
7.4.4 By Distribution Channel
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Filter Type
7.5.3 By Application
7.5.4 By Distribution Channel
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Filter Type
7.6.3 By Application
7.6.4 By Distribution Channel
8. Key Player Analysis
8.1 MANN+HUMMEL
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Donaldson
8.3 Robert Bosch
8.4 MAHLE
8.5 Sogefi
8.6 DENSO Corporation
8.7 ACDelco
8.8 Hengst
8.9 K&N Engineering
8.10 Volkswagen
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
